A company reports the following merchandise purchases and sales for the month of May. Date May 1 May 5 May 10 May 20 May 25 Activities Purchase Purchase Sales Purchase Sales Units Acquired at Cost 490 units @ $15 = $7,350 325 units @ $18 $5,850 Units sold at Retail = 355 units @ $22 = $7,810 455 units @ $50 510 units @ $50 There was no beginning inventory. If the company uses the LIFO periodic inventory method, what would be the cost of ending inventory? Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units Cost of Goods Available for unit # of units sold Cost per unit Cost of Goods Sold Sale # of units in ending inventory Cost per unit Ending Inventory May 1 490 $ 15.00 $ 7,350 May 5 325 $ 18.00 5,850 May 20 355 $ 22.00 7,810 Total 1,170 $ 21,010 0 $ 0 0 $ 0